Chinese company Kerui is looking to register as a business in Crimea to make supplying equipment easier
China’s Kerui is set to deliver oil and gas equipment to Crimea, the company’s vice president, Wang Bin, told Tass during a Russian-Chinese business forum on Wednesday. Crimea and Russia have both struggled to continue exploring for oil and gas as Western sanctions cut them off from technology used in the exploration and production of oil, gas or mineral resources.

“We are a private company and we have been working in Russia since 1999,” ...

EIA predicts U.S. gas production will grow by nearly 1 Bcf/d in one month EnerCom’s Effective Rig Count rose sharply last month, as improving efficiencies combined with a jump in active rigs. The Effective Rig Count now stands at 2,670, meaning it would take 2,670 rigs from January 2014 to yield the same production as current operations are achieving. Current[Read More…]